Next-gen wealthy Hongkongers drop property for higher returns in deposits and hedge funds

When Maria’s family moved out of their house in Hong Kong’s Southern district, one of the bigger jobs was packing her mother’s belongings, including the orange Hermes boxes that had accumulated in the family gym. Her 86-year-old father was reluctant to rent, while her mother – who had spent her life buying homes – initially insisted that if they were going to rent, she wanted a house rather than a flat. “I have never rented a home in my entire life,” she said. They eventually settled at The...